https://www.taxtmi.com/caselaws?id=119825 The Tribunal allowed the appeal and cross-objection, emphasizing the need for a comprehensive assessment of expenses related to exempt income under u/s 14A of the Income-tax Act. It held that all expenses related to exempt income should be considered, not just those from which dividend was earned. The Tribunal disagreed with the CIT(A)'s narrow interpretation and excluded certain expenses while remitting the matter of interest paid for further examination. en-us Fri, 03 Nov 2006 00:00:00 +0530 Fri, 13 Jul 2012 13:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119825 The Tribunal allowed the appeal and cross-objection, emphasizing the need for a comprehensive assessment of expenses related to exempt income under u/s 14A of the Income-tax Act. It held that all expenses related to exempt income should be considered, not just those from which dividend was earned. The Tribunal disagreed with the CIT(A)'s narrow interpretation and excluded certain expenses while remitting the matter of interest paid for further examination. Case-Laws Income Tax Fri, 03 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119825